Fund Objective

The Madison Hansberger International Growth Fund seeks to provide high long-term total return.

Investment Strategies

The fund seeks to achieve its investment objective by investing at least 80% of total assets in the equity securities (including common stock, preferred stock and convertible securities) of companies organized or located outside of the U.S. Even though these companies are based outside of the U.S., their securities may be traded on U.S. securities markets. The fund will invest in at least three different countries and generally expects to be invested in more than three countries, including countries considered to be emerging market countries. The fund anticipates that it will invest primarily in common stock, though the balance of its equity holdings may vary.

Portfolio Management

Thomas Tibbles, CFA

Thomas Tibbles, CFAChief Executive Officer & Chief Investment OfficerTom Tibbles serves as CEO & CIO of Hansberger Growth Investors, L.P. (“HGI”) as well as serving on the firm’s Governing Board. In his role, Tom is a portfolio manager as well as being responsible for asset allocation and risk management decisions. He is also a key member of the Quantitative Research effort at HGI. Prior to joining our predecessor firm, Hansberger Global Investors, Inc. (“Old HGI”), in 1999, Tom headed up the Global Equity Team at Indago Capital Management in Toronto, an affiliate of Canada Life. He holds a Bachelor of Commerce degree with distinction from the University of Toronto, Trinity College. While attending the University of Toronto, he was awarded the Martin R. Lindsay Scholarship for performance in advanced finance and a Trinity College Scholarship for overall performance. He is a CFA charterholder and a member of the Toronto Society of Financial Analysts.

Patrick Tan

Patrick TanSenior Vice PresidentPatrick Tan joined our firm in April 1999 and is a senior member of the growth investment team. Patrick, Barry and Tom initially formed the Growth Team in 1996 when they were with Indago Capital Management. As a portfolio manager and equity analyst; Patrick is responsible for fundamental equity analysis and co-managing international equity portfolios. He is also a key member of the Quantitative Research effort at HGI. Previously, he was involved in quantitative analysis of portfolios, program trading, research technology, database management and performance measurement. He holds a Bachelor of Arts degree in Commerce and Economics from the University of Toronto.

The investment adviser to the fund is Madison Asset Management, LLC (“Madison”). Madison has delegated the day-to-day responsibility of managing the fund to Hansberger Growth Investors, L.P. - an affiliate of Madison.

Madison Funds are not deposits in, or obligations of, and are not guaranteed by, any financial institution and are not federally insured, so they may lose value. An investment in the Government Money Market Fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

This site does not constitute an offering of securities by the distributor in any jurisdiction in which such offering may not lawfully be made. Madison Funds are not to be marketed in Europe or in European Union member nations.

Madison Asset Management, LLC does not provide investment advice directly to shareholders of the Madison Funds. Materials on this website are informational only and should not be taken as investment recommendation or advice of any kind whatsoever (whether impartial or otherwise).

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority (www.finra.org). The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison's toll-free number is 800-767-0300.

For more complete information about Madison Funds®, including charges and expenses, obtain a prospectus from your financial adviser, by calling 800.877.6089 or by clicking on prospectus and reports to view or download a copy. Before investing in the funds, consider the investment objectives, risks, charges and expenses. The prospectus contains this and other information about funds and should be read carefully before investing.

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